Guideline Value for ANAND NAGAR

Anand Nagar guideline value

The current guideline value of Anand Nagar, located in Mathuranthagam village under the Madurandakam SRO, is Rs 1,110 per sq.ft, effective from 1 July 2024. The land classification for this area is Residential Special Type - I.

How the guideline value of Anand Nagar has changed

The guideline value of Anand Nagar has seen several revisions over the years. In 2007, the guideline value was Rs 250 per sq.ft, which increased significantly to Rs 1,000 per sq.ft in 2012. However, it then decreased to Rs 670 per sq.ft in 2017. The next revision in 2023 raised it to Rs 1,000 per sq.ft, and the most recent revision in 2024 set it at Rs 1,110 per sq.ft, marking an increase of 11% from the previous year.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 344%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Mathuranthagam

In Mathuranthagam village, there are 109 streets under the Madurandakam SRO that carry a 2024 guideline value ranging from Rs 440 to Rs 1,480 per sq.ft. The median value is Rs 1,100 per sq.ft, and Anand Nagar's 2024 figure is above that median.

• Appan Iyyengar Street: Rs 1,110 per sq.ft (2024)
• Arulaleesvarankoil Ponniamman Koil Street: Rs 1,110 per sq.ft (2024)
• Arulaleeswaran Koil Malattu Kuttai Street, Bungalow Colony Mettu Street: Rs 555 per sq.ft (2024)
• Arulaleeswaran Koil Street: Rs 1,110 per sq.ft (2024)
• Arulaleeswaran Koil, Vannan Kullakkarai Street, Othiyan Kulakkarai Street: Rs 555 per sq.ft (2024)
• Arulaleeswaran Pillayar Koil Street: Rs 1,110 per sq.ft (2024)

Stamp duty and registration fee for property in Anand Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,110 per sq.ft, the total guideline value would be Rs 11,10,000. The stamp duty at 7% would be Rs 77,700, and the registration fee at 2% would be Rs 22,200, making the total cost Rs 99,900. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator to estimate costs for your specific property.

Which Sub Registrar Office covers Anand Nagar?

Anand Nagar falls under the jurisdiction of the Madurandakam Sub Registrar Office, located at No.53, Old Taluk Office Road, Maduranthakam-603306, Chengalpattu registration zone. You can find your SRO for more details.

How the guideline value is used when you buy or sell in Mathuranthagam

The guideline value is a critical factor during the registration of property transactions in Mathuranthagam. It serves as a benchmark for determining the minimum value at which properties must be registered, ensuring compliance with local regulations.

When buying or selling property, the guideline value is used to calculate applicable stamp duty and registration fees, which are essential for the legal transfer of ownership. This ensures that all transactions are conducted transparently and fairly.

Frequently asked questions

What is the current guideline value for Anand Nagar?

The current guideline value for Anand Nagar is Rs 1,110 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 250 per sq.ft in 2007 to Rs 1,110 per sq.ft in 2024, reflecting an overall increase of 344% over the years.

What is the land classification for Anand Nagar?

Anand Nagar is classified as Residential Special Type - I, indicating its suitability for residential development.

Where can I find the Sub Registrar Office for Anand Nagar?

The Madurandakam Sub Registrar Office, which covers Anand Nagar, is located at No.53, Old Taluk Office Road, Maduranthakam-603306, Chengalpattu registration zone.

How is stamp duty calculated for property in Anand Nagar?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 11,10,000, the stamp duty would be Rs 77,700 at a rate of 7%.